Zenith Bank Post N474 Billion Gross Earnings For Third Quarter 2018

Zenith Bank Plc, on Wednesday October 17, 2018, reported that its Gross Earnings fell from N531 billion in 2017 to N474 billion for the third quarter ended September 30, 2018. This amounts to a 10.7 percent decline year on year.

According to the third quarter unaudited financial statement, profit before tax increased from N152 billion in 2017 to N167 billion in 2018. This amounts to a 9.8 percent increase year on year.

Profit after tax also increased from N129 billion in 2017 to N144 billion in 2018. That amounts to a 11.6 percent increase year on year. Earnings per share increased from N4.11 in 2017 to N4.58 in 2018. This amounts to a 11.4% increase year on year.

Photo Caption: Jim Ovia Chairman Zenith Bank Plc